§ 12–1204
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 12-1204 (2026)
Title 12. Miscellaneous Institutions and Activities
Subtitle 12. Virtual Currency Kiosks
§ 12–1204LinkCopy Citation
(a)
A virtual currency kiosk operator shall ensure that the virtual currency kiosk does not, in connection with virtual currency services for a single person in the State using one or more virtual currency kiosks, accept or dispense in a single day an amount of cash, including value downloaded through prepaid access, as defined in § 12–401 of this title, or the equivalent in credit that exceeds:
(1)
For a new user, $2,000; or
(2)
For an experienced user, $10,500.
(b)
A virtual currency kiosk operator:
(1)
May not impose a fee in excess of the greater of:
(i)
$5; or
(ii)
15% of the amount of a virtual currency service transaction; and
(2)
Shall refund any fee imposed on a transaction that is verified as fraudulent in a manner established by the Commissioner through regulation.
(c)
A virtual currency kiosk operator shall collect the following information from a person before accepting cash or credit in connection with a virtual currency service from the person:
(1)
Name;
(2)
Date of birth;
(3)
Mailing address;
(4)
Electronic mail address;
(5)
Phone number; and
(6)
A copy of the person’s government–issued identification.
(d)
At the end of a virtual currency transaction, the virtual currency kiosk operator shall dispense or display a receipt that includes:
(1)
The type of virtual currency sold or purchased;
(2)
The value of the virtual currency sold or purchased, including the requisite exchange rate for the virtual currency;
(3)
The date and time of the transaction;
(4)
Identifying information for the virtual currency kiosk;
(5)
The toll–free number for customer support; and
(6)
Any other information that the Commissioner requires through regulation.